LG Electronics India shares slip on weak Q2 results—Nomura raises target price

LG Electronics India Share Price: LG Electronics India shares were trading at Rs 1,612.50, down 0.33 per cent at 9:57 am on Monday, after the stock corrected nearly 3 per cent in the past five sessions. The decline comes after the company reported a weak September quarter (Q2 FY26) performance, marked by pressure on profitability and higher operating costs.

The stock opened at Rs 1,621, hit a high of Rs 1,625 and a low of Rs 1,605.50. The company’s market capitalisation stood at Rs 1.09 lakh crore, with the 52-week range between Rs 1,749 and Rs 1,581.10.

LG Electronics India Q2 Results FY26 Highlights

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The company, listed on October 14, posted a net profit of Rs 535.70 crore for the July–September period, lower than the previous year. Revenue from operations remained largely flat at Rs 6,174.02 crore, compared with Rs 6,113.88 crore in the same quarter last year. Operating performance weakened as EBITDA fell 27.7 per cent year-on-year to Rs 547.5 crore, down from Rs 757.4 crore, while the EBITDA margin dropped sharply to 8.9 per cent from 12.4 per cent. The numbers indicate that the company faced rising costs and a squeeze on margins during the quarter.

LG Electronics India Share Price Target

Brokerage Nomura remained positive on the stock and maintained its Buy rating. It raised the target price to Rs 1,900 from Rs 1,800, noting that LG continues to be a strong play on affordable premiumisation in the consumer durables segment. According to Nomura, new launches, B2B expansion, export growth and localisation are expected to support growth and margins. It added that the current valuation of 34 times FY28 earnings is attractive, supported by expectations of a 24 per cent earnings CAGR over FY26–28.

LG Electronics India IPO

LG Electronics India's IPO, which had a final issue price of Rs 1,140 per share, was listed on the stock exchanges on October 14, 2025, at Rs 1,710.10 on the NSE and Rs 1,715.00 on the BSE. This represented a premium of over 50 per cent on its listing day.